Primoris Services Corp expected to post earnings of 72 cents a share - Earnings Preview

Primoris Services

31/07/2021 02:05

* Primoris Services Corp  PRIM.OQ   PRIM.O  is expected to show
a rise in quarterly revenue when it reports results on August
3. 
* The Dallas, Texas-based company is expected to report   a
4.5% increase in revenue to $949.006 million from $908.22
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Primoris Services Corp
is for earnings of 72 cents per share. For the same quarter last
year, the company reported earnings of 68 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Primoris
Services Corp is $39​, about 23.3% above​ its last closing price
of $29.90. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.10       -0.07      0.12      Beat    263.9
 Dec. 31 2020  0.43        0.43       0.66      Beat    54.1
 Sep. 30 2020  0.67        0.66       0.90      Beat    35.5​
 Jun. 30 2020  0.29        0.29       0.68      Beat    132.9
 Mar.          -0.02​      -0.01      0.03      Beat    314.3​
 31​ 2020​                                              
 Dec. 31 2019  0.53        0.53       0.53      Met     -0.6​
 Sep. 30 2019  0.66        0.66       0.70      Beat    6.8
 Jun. 30 2019  0.28        0.28       0.35      Beat    23.1
 This summary was machine generated July 31 at 01:05 GMT.  All
figures in US dollars unless otherwise stated